I believe the economic situation will be a huge challege to everyone in the next four years. The economic crisis not only affects our nation, but others as well.
This econonmic problem affects my family in ways that we are seeing now and ones that can only emerge with time. One of these problems is with retirement. Individuals and couples who had planned on retiring in the next 5 to 10 years might be able to for 15 or more years. Some might not be able at all. When the stock market took a plunge, money that families had saved for years all of a sudden had disappeared. The lack of money hurts the economy because now do not have disposible income and can spend as freely as they once did.
On a global scale, the ecomony has supresses the cost of oil and fuel. This in turn hurts the oil manufacturers that are stationed all over the world.
The economic problem is a issue for everyone around the world.
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